07:47 AM EDT, 07/03/2025 (MT Newswires) -- Shift4 Payments ( FOUR ) and Global Blue Group Holding ( GB ) said Thursday that the tender offer by Shift4 subsidiary GT Holding 1 to buy the outstanding shares of Global Blue ( GB ) for $7.50 per common share in cash has been completed.

About 233.9 million shares were validly tendered under the offer, representing about 97.37% of the issued and outstanding shares of Global Blue ( GB ).

Shift4 said it will cause Global Blue ( GB ) to delist its shares from NYSE and effect a squeeze-out merger to acquire the remaining 2.63% of outstanding shares.

Global Blue's ( GB ) merchant solutions will be added to Shift4's global payments platform, and the companies plan to launch an all-in-one payment terminal to provide VAT refund, dynamic currency conversion, and payment processing services to global merchants.

Moreover, Ant International and Tencent will become strategic partners with Shift4 as a result of the transaction and will explore collaboration on global e-commerce payment products throughout the Shift4 ecosystem.